How Business Operates

How Business Operates
Task 1

There are different types of organization which are under public and private sector in
UK country. These are
Private
 Partnership – In the partnership, two or more than two individuals or company
comes together to make a product which will satisfy the unmet needs of customers.
 Joint stock company - risk is more involved in this. Capital is raised by selling of
shares of diverse range. Shares are purchased by those persons are called
shareholders. The body who is managing this type of company is called Board of
Directors.
Various types of organization

Public
 Government companies- In this, half or more than percent of
shares is owned by the government and other remaining is
owned by different individuals.
 Public corporations- these type of organization is fully
controlled by the government. firm are made because of
special act of parliament.
CONTD..